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Hot Housing Market Cools Slightly in June

Home sales cooled slightly in June, but were still significantly higher than reported one year ago. In June 2016, 713 single-family homes sold on the MLS® System compared to 636 last June, an increase of 12 per cent. Month over month, sales decreased by seven per cent from the 767 sales processed in May 2016.

Market Update June 2016

In May 2016, 771 single-family homes sold on the MLS® System compared to 527 last May, an increase of 46 per cent. Month over month, sales were up by 17 per cent from the 660 sales processed in April 2016. Last month’s active listings totalled 1,684, down 32 per cent from the 2,507 reported in May 2015.